Matthew Yglesias

@mattyglesias ↗

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Last Checked March 20, 2021

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Fri Feb 05 13:15:09 +0000 2021

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Matthew Yglesias @mattyglesias

Does Summers have superior insight into the congressional dynamics here? I'm skeptical. Recall that in the winter of 2008-2009 he lowballed the stimulus ask, again based on his analysis of congressional politics rather than his analysis of the economy. It didn't work out well. — PolitiTweet.org

Posted Feb. 5, 2021 Hibernated

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Matthew Yglesias @mattyglesias

Biden's calculus is that a huge relief bill will set the stage for future policy success. Summers' worry is that Biden is spending down political capital that would be better used on other things. It's interesting, but it's a pure politics calculus. — PolitiTweet.org

Posted Feb. 5, 2021 Hibernated

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Matthew Yglesias @mattyglesias

But for the record, I do think his narrow economic point is correct. It would be better to settle for a smaller stimulus **IF** doing so created more space for other priorities. But is that true? It doesn't seem true to me. — PolitiTweet.org

Posted Feb. 5, 2021 Hibernated